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QUIZ

1 -) What is a key internal factor influencing the success of sustainable businesses?

Global market trends

Organizational culture

Regulatory frameworks

Economic incentives

2 -) Which of the following is an example of an external factor?

A) Employee engagement in sustainability initiatives

B) Leadership adaptability

C) Market competition

D) Digital skills in the organization

3 -) What is the primary purpose of a SWOT analysis in sustainability?

A) Identifying financial resources

B) Developing risk mitigation plans

C) Critically analyzing business ideas and environments

D) Exploring global partnerships

4 -) Which strategy is used to address risks by transferring them?

A) Risk avoidance

B) Risk sharing

C) Risk reduction

D) Risk acceptance

5 -) What does the "E" in the PESTEL framework stand for?

A) Environment

B) Economics

C) Education

D) Ethics

6 -) How can diversification help mitigate risks?

A) By increasing profits in a single market

B) By reducing dependency on a single product or market

C) By eliminating external threats

D) By avoiding the use of digital tools

7 -) What is a key benefit of leveraging first-mover advantage in sustainability?

A) Gaining market leadership

B) Reducing operational costs

C) Eliminating all competition

D) Increasing regulatory compliance

8 -) What is a Risk Matrix used for?

A) Identifying opportunities in a new market

B) Assessing and prioritizing risks based on probability and impact

C) Developing digital marketing strategies

D) Conducting financial audits

9 -) What type of insurance is relevant for eco-businesses facing environmental risks?

A) Liability insurance

B) Health insurance

C) Auto insurance

D) Personal insurance

10 -) Which of the following tools supports tracking environmental impact in a sustainable business?

A) SWOT analysis

B) Digital platforms for emissions tracking

C) Risk matrices

D) Financial forecasting software

Test Result

FAQ

Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Education and Culture Executive Agency (EACEA). Neither the European Union nor EACEA can be held responsible for them.

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